Dimensional Fund Advisors LP Has $65.68 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Dimensional Fund Advisors LP trimmed its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,143,708 shares of the real estate investment trust's stock after selling 56,488 shares during the quarter. Dimensional Fund Advisors LP owned about 1.28% of Cousins Properties worth $65,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GeoWealth Management LLC boosted its holdings in Cousins Properties by 12.9% during the fourth quarter. GeoWealth Management LLC now owns 14,908 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 1,705 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Cousins Properties by 10.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 322,580 shares of the real estate investment trust's stock valued at $9,878,000 after purchasing an additional 29,469 shares during the period. Dean Investment Associates LLC grew its holdings in Cousins Properties by 3.3% in the 4th quarter. Dean Investment Associates LLC now owns 59,168 shares of the real estate investment trust's stock valued at $1,813,000 after buying an additional 1,900 shares during the last quarter. Barclays PLC increased its position in Cousins Properties by 65.8% in the 4th quarter. Barclays PLC now owns 147,146 shares of the real estate investment trust's stock worth $4,509,000 after buying an additional 58,419 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in shares of Cousins Properties by 34.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 64,218 shares of the real estate investment trust's stock worth $1,968,000 after acquiring an additional 16,605 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays reduced their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group started coverage on Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 price target on the stock. Robert W. Baird cut their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Price Performance

NYSE:CUZ traded up $0.02 during trading hours on Wednesday, reaching $27.67. The company had a trading volume of 1,375,681 shares, compared to its average volume of 1,252,830. Cousins Properties Incorporated has a one year low of $22.01 and a one year high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $28.05 and a two-hundred day moving average of $29.73. The firm has a market capitalization of $4.65 billion, a PE ratio of 92.22, a PEG ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Cousins Properties's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's payout ratio is presently 387.88%.

Cousins Properties Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.